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about manufacturing matt? the numbers came in solid for china, not so good for the u.s. there was a bit of a slip. > > i think some of that is the concern. but at least the silver lining is positive for china. but realize, china is $8 trillion. our market is about twice the size. so we really need those manufacturing numbers to kick in next year. but of course there have been so many good confidence and housing numbers to sort of buttress that weaker number yesterday. > what is your stock strategy in the current market? > > i think the big question everyone has to ask themselves is, do i need microsoft, cisco, and intel in my portfolio? they have been laggards for years. microsoft at least has been paying some good dividends. it's kind of appreciated somewhat over the past couple of years. but you know, that pc market is not really happening; it's all the tablets and the smartphones. so, you have to ask yourself, next year, do i keep these stocks in my portfolio? so many people own them. > yes or no? what is the answer? > > i am going to give them another year, but intel is really on th
for the u.s. car company. in today's cover story, are budget talks in washington killing chrismas for retailers? plus, the winter trade. the sectors of the stock market that go up when temperatures drop. dairy dollars - how entrepreneurs can learn from the latest greek yogurt craze. what small businesses need to do now to prepare for 2013. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's tuesday, december 18th. i'm angela miles. in today's first look: soaring stocks. the dow rallied 100 points higher yesterday, with the other indices following suit along with gold and oil. oil was up on hopes of a budget deal out of washington. boeing's buying back $3.6 billion shares is getting trader buzz. the company is also pushing up its dividend by 10%. microsoft founder bill gates is upping his stake in in deere & company to 7% from 5.8%. deere closed last night at $86. in the fallout from the tragedy in newtown, connecticut, which remains on our minds, some interesting stats: reports say gun rights groups
can count on. ♪ could push the u.s. economy behind the times. plus, a preview of what stocks investors are looking to own after ringing in the new year. the sudden flow of one hundred dollar bills is indicating a rise in fishy activity. and, bring on the breakout. are the markets poised for a swing to the upside? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, december 5th. i'm angela miles. in today's first look: standstill. that's what's happening with the budget talks in washington, and it's reflected on wall street. stocks barely budged yesterday. gold, however, was a major mover. what that tells traders is coming up in the show. pandora hit a sour note with investors last night. shares plunged after the company revealed a loss of advertising money as lawmakers fail to find harmony over averting the fiscal cliff. the brand new dreamliner is under review after making an emergency landing in new orleans due to a mechanical glitch. larry shover of sfg alternatives joins us now on this wedn
starbucks in china and the u.s. within two years. "overall, there's going to be coffee available. that'll help you on pricing, so it might be a good time to be expanding." starbucks' expansion plans aren't only meared number of shops. in the last 12 months, its acquired juice company evolution fresh, bakery la boulange, and is about to finalize acquisition of tea company teavanna. tensions remain high in michigan's capitol city, where legislation is about to be passed that could weaken the power of unions. protestors are furious. republican lawmakers moved quickly last week to enact "right to work legislation," allowing workers at unionized companies not to pay dues to the union, which reduces bargaining power right in the uaw's own back yard. the measure has already been approved by both chambers of michigan's legislature, and final enactment could take place tomorrow. republican governor rick snyder supports the legislation. if enacted, it would make michigan the 24th state with right-to-work laws. recent strikes at a california shipping port are over, but concerns of outsourcing p
become the 24th right-to- work state in the u.s. we may have to wait until after christmas for a budget deal. that's what senator harry reid tells reporters. talks on the fiscal cliff appear to be hitting a wall as democrats and the gop remain stuck on the latest offers from each camp. the gop is stuck on extending bush-era tax breaks for the wealthy, and republicans say the president is failing to reduce government spending. "where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff." "we have been calling on the speaker to bring forth a middle-income tax cut now for a very long time - in fact, since last summer when it passed the united states senate." here's a side-by-side check of where they stand: the president's plan calls for a raising $1.6 trillion in revenue by boosting tax rates on the incomes above $200,000 for individuals and $250,000 for couples. president obama also recommends $400 billion in spending cuts. representative boehner's calls for $800 billion in new revenue, $600 billion in savin
from belize after police considered him a suspect in the killing of a u.s. expatriate. no charges have been filed outside of the u.s. against mcafee, who says he has not been questioned by u.s. authorities. meanwhile, the mcafee software security firm is out with a warning about cyber bank robbers. according to published reports, a massive cyber attack with the goal of stealing millions from consumer accounts is in the works. chase, citibank, wells fargo, and even paypal are among the banks that could get hit. the cyber criminals are said to already be testing the attack plan. most recently, u.s. bank reported sudden trouble with its website. on the ipo watch, solar power company solar city had a sunny first day of trading. after cutting its ipo price to $8, shares traded near $11.15 before closing up 47% at $11.79. pbf energy also had a good first day on the market. shares of the refinery company rose 1% following an ipo price of $26 a share. shares yesterday closed at $26.25. hundreds of cars damaged by superstorm sandy are on the way to crushers. others may wind up on used car lots.
the u.s. treasury department will begin selling its stakes in almost all of the remaining banks that received bailouts during the financial crisis. four years after the implementation of the troubled asset relief program the government still owns a part of 218 banks. those banks owe taxpayers nearly $8 billion. the government says tarp was always intended to be a temporary measure. key players from wall street may be heading to the whitehouse. according to bloomberg news.. the obama administration is said to be considering kenneth chenault -- the ceo of american express-- for a cabinet post... possibly treasury secretary. also, the adminstration is said to be batting around the name ursala burns- who runs xerox as a possible candidate for commerce secretary. president obama said earlier he is interested in having top business leaders in his cabinet. coal consumption is climbing around the world. the international energy agency-- better known as as the i-e-a predicts demand for coal could come close to outpacing oil in the next few years. global demand for coal is expected to
will be really looking forward to next year to see what unfolds, not only in the u.s., which i think there is some optimism about the growth prospects, especially housing, but i also think as far as china is concerned, most people consider that the economy to have troughed and look for good things to happen. so i think there is a lot of optimism - even in europe there's a lot of optimism, but we know how that all goes when there is a lot of optimism. so, anyway, slow trading expected this week. > will there be some last- minute adjustments, or have most of those folks already gone home and closed the books for the year? > > i think for the most part anyone that really had anything to do really has done it already. that would be the capital gains tax-type selling, that sort of thing. but there's always some minor window dressing issues that could come up. so i wouldn't really pay much attention to the price action this week. what is probably more important is the first couple weeks in january. > do you have any kind of end- of-the-year strategy here, or are you just kind of going sit
is a marginal trend to bring business back to the u.s., and food is one of those more likely to stay 'in country' than go elsewhere." challenger, gray and christmas say december is often when layoffs are announced, a process that often continues into january. wall street alone has lost a net 1,200 jobs in 2012 according to new york state's comptroller. and it's about to get a whole lot worse. citigroup is laying off 11,000 people worldwide. bank of america and hsbc combined plan for 40,000 layoffs this year. ubs said in october it would cut 10,000 workers. all told, more than 300,000 financial industry jobs have been lost worldwide during the past two years. the bank belt-tightening is expected to continue in 2013. macs are making their way back to the u.s. apple ceo tim cook told bloomberg this week the company will begin manufacturing a line of mac computers in the u.s. most of apple's products are made in asia. factories such as foxconn, a major apple supplier, have come under heavy scrutiny for low wages and poor working conditions. cook said the company will spend $100 million on the manufa
-- the cars have made less of an impact in the u-s due to the fact that diesel fuel is more expensive. there's currently a missing ingredient in the martha stewart empire -- a ceo. the ceo of martha stewart living omnimedia -- lisa gersh -- is leaving the company after just one year. the company is now looking for a replacement. other branches of the company including its publishing and broadcasting units have experienced recent declines. pfizer is cutting jobs in order to cope with losses from its popular drug lipitor. bloomberg reports the pharmaceutical company will cut fs over broll 20 percent of its workforce -- or around 600 sales jobs. pfizer's lipitor has seen an increase in competition within the generic drug market. a spokesperson for pfizer did not confirm the report --but did say the company is making changes to fit the future needs of business. facebook gave investors something to "like" in 2012.. despite it's botched ipo day. because it was a heavy hitter.. ipo values this year, topped last year. with $40 billion dollars in 2012 ipo money compared to $35.5 billion in 2011. 1
. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market every day for the past couple of weeks. it will be no different today. so i absolutely agree with you. > should investors be concerned about the move in the volatility index yesterday? > > it was interesting to see that, and it is really something that at least active investors watch on a regular basis, so any time the vix moves, i think it is something to watch. > what do you anticipate for the friday trade? > > i certainly think that we will see more lower prices in the market. the s&ps last week went below 1400, this past week. we have seen that, and i think that really shows us that we're going to see more trade below 1400 in the s
, green mountain, game company electronic arts. on the bad side.. sears, jcp, and khols... u.s. and european regulators take on google's market domination at a meeting in brussels today. and a new study shows it takes earning $161,000 per year to make most people happy. kevin craney of rjo futures joins us for a look at the week ahead. good morning to you kevin. good morning. we have jobs on tap for friday and all week long. of course the fiscal cliff talks--what will you anticpate from the market? i think the markets are really going to be dealing with the political wrangling over the fiscal cliff to begin the week. really no agreements to speak of and i really don't think you're going to see any. it's going to come down to one of these last minute issues because both sides continue to butt heads and we're no closer than we were two weeks ago. from an employment perspective, look for the numbers to come in on average probably around 100 to 125 thousand jobs created. that's where our average really stands. maybe some skewed data from hurricane sandy but you back that out and i
. i am really actually watching the u.s. dollar. that is going to be a better flag right now. i think gold is still under pressure, but the dollar is really going to dictate at this stage, or at least flag, whether there is continual pressure. if strike starts to pick up in the buck, then we could see some continued resistance at these levels and actually maybe some downside pressure. > and how will you be setting up for the jobs number on friday joe? > > right now what i want to do is stay small. i am just going to be looking at those small- and mid-cap names. i am also looking to try to take advantage of some recent implied volatility spikes in some names - most notably we saw apple in the action there. wow, don't want to catch any falling knives there. but we are looking to take some strategies into play that are taking advantage of these short-term pops in implied volatility. > good to have you on the show again. thanks joe. > > thank you angie. in our cover story, a new study adds to the evidence that head injuries in sports can lead to incurable brain disease later in life. and
jobs may stall out at a gm plant in germany. the u.s. automaker is out with plans to stop making its zafiras at its opel division in 2016. gm, however, is considering other options for the factory to stymie job losses. the carmaker is attempting to put the brakes on its losses in europe. the plant shutdown becomes the first for germany since world war ii. italian bond yields headed higher following news that prime minister mario monti plans to resign. monti's reign will come to an end in february, following passage of the 2013 budget. the move raises political concerns over italy in the midst of the eurozone crisis. monti has been credited with keeping italy's debt crisis under control. the japanese economy has some gross domestic problems. japan's gdp has contracted two quarters in a row, signaling it has entered recession. a recent territorial dispute with the chinese government and struggles following last year's tsunami continue to hurt japan's export market. an election next week in japan could have a large effect on fiscal policy. reports say delta is close to landing a deal th
most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed houses and businesses on the east coast, leaving millions without power. just months earlier, crop prices shot up following a massive drought that hit the midwest and some northern states. weeks without rain sent corn and soybean prices sky-high. it was estimated that the drought was the worst in nearly a quarter of a century. 2012 was not without its controvesies. trading scandals rocked the news, highlighted by jpmorgan chase. the big bank lost more than $2 billion in what was called "a trading debacle." ceo jamie dimon took a trip to capitol hill for a testimony where he told senators that the industry needs "strong regulation, not always more." meanwhile, at chick-fil-a, the ceo of the popular chain cooked up trouble with some very public comments opposing gay marriage. the comments created a divide between protestors and supporters, some of whom participated in a successful chick-fil-a appeciation day. and, in a shocking move, twinkie maker hostess closed its doors, claiming a strike by
toll on the southern plains and deep south. creative acccounting at the federal level. with the u.s. expected to reach its $16.4- trillion debt ceiling before the end of the year, the treasury department will undertake acccounting manuvers to create $200 billion in what treasury secretary timothy giethner calls "headroom." call it, "in your facebook." an instagram user has filed what could become a class-action lawsuit over a policy change that would allow instagram to sell ads using a person's name or photo published on the website. instagram announced it would backtrack on the idea, but eventually wants to come back to users and explain its intentions. the u.s. government may expand its mortgage refinancing program to include borrowers not backed by fannie mae and freddie mac and also include borrowers who owe more than their homes are worth - about 22% of all homes with a mortgage. from department stores to bookshops to jewelry sellers, a lot of retail stocks are dragging around their empty boxes and gift wrap post- christmas. mark sebastian of option pit joins us. mark, welcome
analysts, then sold off on word of declining blackberry sales in the u.s. nike stock jumped 6% higher after exceeding earnings expectations and revealing orders were up 6% in the quarter. now on to the market, which also gained ground yesterday on optimism a budget deal will emerge out of washington. meanwhile, the sleepless in america are creating a boost in business. consumers spending on treatments for insomnia shot up from $24 billion 4 years ago to $32 billion now. fortunately, it's a bumper year for the coffee crop in brazil. the country is harvesting its biggest coffee crop ever. and peter madoff is sentenced to the max of 10 years in prison for helping his brother bernie in their infamous ponzi scheme. scott bauer of trading advantage joins us on this friday morning for a closer look at the markets. good morning to you. we had a nice santa claus rally going on here. do you think that this fiscal talk is just going to kill it? > > no, it doesn't look like it. the trend over the last few days is, we have seen the market up, but we have seen it really kind of accelerate toward the end
." across the u.s., non-profits need to expand their base of supporters. since 2006, the number of new doners giving to non-profits nationwide has dropped 14.6%, and there are fewer doners in general - down 5.3%. pritzker's strategy to pull together groups involves partnering with other non- profits on projects to meet a common goal. it's worked for other non-profits. now, it's pritzker's turn. "i think that as people realize that the funding pool is shared and donors are saying more and more, why don't you work together, i think it will become more evident." not all nonprofits are lucky enough to have a wealthy benefactor at the helm. non- profits having the toughest time in 2012 include animal welfare groups, health groups and international relief efforts. gold is a costly commodity that's valued everywhere but has particular cultural significance on the subcontinent of india. paul eggers files this story on the precious metal. while the sights outside this shop may seem foreign and the sign up top definitely is in another language, the merchandise inside, gold, is familiar to most e
to the workplace." recently overseas, in places where the u.s. military has been a presence, members of the national guard and reserve have played a significant role. just one example - since 2003, roughly 3/4 of the men and women in illinois' national guard or reserve were mobilized throughout the world. h-r plus is a company that puts its money where its mouth is concerning this issue. 40% of the roughly 8,000 employees it hires a year are veterans. still to come, how to pitch your ideas to angel investors. what investors want to hear before they reach for their checkbook. but first, traders tell us which soda stock is more likely to see a pop. that's next, in traders unplugged. the holidays are on our trader'' minds today. joining for us for traders unplugged, pro traders alan knuckman and jared levy. round one: taking flight. millions of americans are boarding jets this season for the holidays. which airline stock is ready for lift-off? > > i look at this in a couple of different ways. i have never liked airline stocks because it's- > > tough sector. > > you have a tough sector,
will be re-paid, but leaves out small businesses and private companies. the u.s. senate is expected to start debating this afternoon on how much money to spend on repair costs in the wake of superstorm sanday. the current disaster aid package stands at $60.4 billion. the aid could become a political football. some republicans in the house want to consider a smaller initial amount to cover immediate needs until there's more evidence of the need for additional spending. fema, the federal emergency management agency's, disaster relief fund has nearly $5 billion, which is enough to pay for recovery costs into early spring. peabody energy corp. gets a lump of coal in its stocking. the st. louis-based coal producer says a drop in coal prices and lower market demand are dragging down its sales by about 2 million tons. coal producers have struggled this year against record low natural gas prices. those cheap prices prompt utilities to use it instead of coal for fuel. peabody does expect results to improve later this year. the latest identification scam may be closer than you think. jennifer waters o
Search Results 0 to 20 of about 21 (some duplicates have been removed)